IVA (Individual Voluntary Arrangement)

An IVA (Individual Voluntary Arrangement) is an agreement whereby you pay your creditors a set amount each month that you can afford, the rest of the debt is written off. It's most appropriate for those who have debts of more than £10,000 and cannot afford to meet repayments, who see missed payment charges incurred, interest increasing and their debt spiralling. However, our Debt Free Direct advisors will be able to shed more light on this and discuss whether it is the right option for you.

We have helped many people cope with their bankruptcy or debt problems and we can tell you, without obligation, how best to get on a stable financial footing.

Figures currently show that people in the UK have an average debt of £27,871.13 and no matter how much you are struggling, Debt Free Direct can help.